• Deadline
  • Start of investment period
  • Start time
    04.03.2021 10:00
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    11% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €108 000

Executive summary

The purpose of the current investment opportunity is to continue financing a terraced house project with 9 apartments at Rae põik 6, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.

The Sponsor, Väike-Rae Arenduse OÜ, intends to raise EUR 108,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6. The source of loan repayment is sale of completed apartments or refinancing through bank loan. 

7 pre-sale agreements has been already signed.

Rae põik 6 project is 48% completed.

The construction of the Rae põik 6 terraced house project started in September 2020. The deadline for the completion of the project is Spring-Summer 2021.

Loan term is scheduled up to 11 months

The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.

The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses. 

Total current value of the collateral is EUR 1,082,430 (evaluation report EUR 739,000 and done construction works confirmed by construction supervision act EUR 343,430). According to that, the ratio of total amount of liabilities and collateral value (LTV) is 45,6%.


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